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/biz/ - Business & Finance

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24099608 No.24099608 [Reply] [Original]

At the top of the 2017 rally, the final weekly green candle was a 22% candle.

Currently, we have a 15.5% candle, with two more days to go.

You have been warned.

>> No.24099627

ok

>> No.24099652

>>24099608
Ok, did you sell?

>> No.24099687

>>24099652
I plan to sell at 21K.

>> No.24099710

>>24099608
the candle from 8.6 to 10.5 or something was also about a 22% candle, and that candle led to a doubling of the price in the weeks after

>> No.24099732
File: 131 KB, 2045x1184, aCapture.png [View same] [iqdb] [saucenao] [google]
24099732

Nope.

You have been warned.

>> No.24099745

>>24099608
>trust me based on a sample size of 1

We could have a pullback but doubtful given all the BTC being bought off exchanges by long term hodlers

>> No.24099777

>>24099608
i dunno annon, everyone is so bullish it's crazy

>> No.24099795

>>24099732
that chart literally shows there was a major pullback in Jan 2017

>> No.24099818

>>24099608
Its forming a cup right now. Will tank to support line for the handle to continue its way north. JMO

>> No.24099836

>>24099732
this graph looks like we get a 2016-2017 style pullback anytime soon

>> No.24099864

we haven't even started. You want to look at price history as a predictor of the future? notice how every Bullrun has been at least 10x previous ath

>> No.24100011

Post proof of your short then, Negrodamus

>> No.24100100

It could be a massive cup and handle forming

>> No.24100499
File: 105 KB, 946x1024, 1605204399298.jpg [View same] [iqdb] [saucenao] [google]
24100499

>>24099687
>sell at 21k because muh charts
>bitcoin keeps pumping because there are forces at play that no one fully understands which is why it's nearly 19k right now despite making 0 sense to anyone
>goes to 30k before finally correcting - to 23k
>you still don't buy back in because "I sold at 21k I'm still waiting for the real dip"
>priced out forever
>mfw

>> No.24100556
File: 44 KB, 534x589, Screen Shot 2020-11-21 at 09.26.33.png [View same] [iqdb] [saucenao] [google]
24100556

this is sustainable it will go up in a straight line this is a new paradigm we are never going down again.

>> No.24100561
File: 129 KB, 1448x854, 156113.jpg [View same] [iqdb] [saucenao] [google]
24100561

>>24099608
i hope you don't kill yourself in a year, OP

>> No.24100575

>>24100499
Please delete this.

>> No.24100590

>>24099608
Post short or stfu. You have been warned

>> No.24100601

The top isn’t defined by daily increase but by percentage increase v previous paradigm. We haven’t even entered a new paradigm yet. If this was 2017, we’d have hit 20 new ATH and would be 10-20x what the 2017 bubble was

>> No.24100652

>>24100561
This

We are about to break top and you’re gonna sell? OP you’re NGMI

>> No.24100660

>>24100499
Your dubs and based Pepe confirm this will be most of /biz/.
Kek has prophesied.

>> No.24100706
File: 126 KB, 1479x484, bullflag.jpg [View same] [iqdb] [saucenao] [google]
24100706

>>24100499
> which is why it's nearly 19k right now despite making 0 sense to anyone
it makes absolutely perfect sense. pic related: broke out of bear market in july when a multi-year bullflag ended. then it had a small retracement back to the 20-week-MA and bounced off it (finding support at the 20-weekly is another sign of a bull market).
BTC has been doing exactly what was expected and nothing else, it is 100% textbook

>> No.24100744

>>24100556
There will be several 20-40% pullbacks. If you don't know how to time them might as well just hold and ride it to the moon.

>> No.24100764

>>24099608
post your sell

>> No.24100771
File: 229 KB, 432x393, 16208376210568.png [View same] [iqdb] [saucenao] [google]
24100771

>>24100499
holy shit

>> No.24100772
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24100772

>>24100575
It's what you deserve OP, meditate on it with me.

>> No.24101471
File: 268 KB, 816x816, 1594512690842.jpg [View same] [iqdb] [saucenao] [google]
24101471

>>24100499

>> No.24101519

>>24100499
No.... don't make this happen... too many good anons will rope.

>> No.24101555

Has there ever been a time in Bitcoin's history where it dumped hard after reaching similar price levels to it's previous cycle's ATH?

>> No.24101590

>>24100499
which is why you never sell, only buy dips.

>> No.24101617

>>24101555
yes.

>> No.24101639

>>24100499
MANY SUCH CASES!!!

>> No.24101652

as if this fake TETHER pump is gonna last
99.99 of the alt tokens are rekt, so where's the fucking bull market?

>> No.24101794

>>24099608

OP you forgot to hide the volume. Once you adjust candle sizes for volume we are way early

>> No.24102026
File: 37 KB, 398x376, AFFAA841-46DD-44B8-AACD-D374C36C3883.jpg [View same] [iqdb] [saucenao] [google]
24102026

>>24099608
We haven’t even returned to the ATH you dumb motherfucker, we are just getting started.

>> No.24102237

>>24099608
BEARISH BAT. IT WILL GO A LITTLE ABOVE 20K AND DUMP DOWN. SCREEN CAP THIS

>> No.24102293

>>24099745
>BTC being bought off exchanges by long term hodlers
you realize those people are not in the market, yes? price can still go down bcuz of the btc in the market

>> No.24102356
File: 20 KB, 454x520, 1591487575525.png [View same] [iqdb] [saucenao] [google]
24102356

>holy fuck it literally, unironically only goes up what the fuck everybody buy or you'll be priced out foreverrrrrrrrr